David Phipps - Jan 5, 2022 Form 4 Insider Report for ORBSAT CORP (NXPLW)

Role: President/ CEO of Global Ops, Director
Signature: /s/ David Phipps
Stock symbol: NXPLW
Transactions as of: Jan 5, 2022
Transactions value $: $150,002
Form type: 4
Date filed: 1/6/2022, 02:14 PM
Previous filing: Dec 20, 2021
Next filing: Dec 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXPLW	Common Stock, par value $0.0001	Purchase	$150K	+46.3K	+13.34%	$3.24	393K	Jan 5, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 46,297 shares of the Issuer's common stock acquired by the Reporting Person from the Issuer in a private placement transaction that closed on January 5, 2022, pursuant to a Securities Purchase Agreement dated December 31, 2021. The purchase price for the acquired shares was $3.24 per share, which is the closing transaction price of the Issuer's common stock reported by Nasdaq on December 31, 2021.

Content

Represents 46,297 shares of the Issuer's common stock acquired by the Reporting Person from the Issuer in a private placement transaction that closed on January 5, 2022, pursuant to a Securities Purchase Agreement dated December 31, 2021. The purchase price for the acquired shares was $3.24 per share, which is the closing transaction price of the Issuer's common stock reported by Nasdaq on December 31, 2021.